Research & Markets Report on $28 Billion U.S. Oilseed Market
Date Posted: November 16, 2012
DublinResearch and Markets has announced the addition of the "Oilseed Farming" report to their offering.
The US oilseed farming industry includes about 300,000 farms, 65,000 of which specialize in oilseeds, with combined annual revenue of about $28 billion.
No major companies dominate the industry.
The industry is concentrated: about 15 percent of the farms account for about 60 percent of revenue.
Oilseed farming is the growing and harvesting of soybeans and oilseed-producing plants such as sunflower, safflower, flax, and canola (also known as rapeseed).
Farms that generate less than half of their total revenue from oilseed aren't included in this industry.
Demand is driven by consumer trends in food oil and meat consumption, and the federal push for production of biofuels.
The profitability of individual companies depends on maximizing crop yield and minimizing disease risk.
Large companies have advantages in purchasing land and equipment.
Small operations can compete effectively by specializing in organic and heirloom oilseeds.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include soybeans (90 percent of the market).
Other products include sunflower seed, canola (also known as rapeseed), flaxseed, safflower, and peanuts grown for oil.
Soybeans are bushy, green legumes related to clover, peas, and alfalfa.
Farmers plant seedlings in late spring after the danger of frost has passed.
Most oilseed is grown on dry land in a crop rotation with corn.
Planting the two crops in succession improves weed control, lowers pest and disease risk, and requires less fertilizer.
Key Topics Covered:
Quarterly Industry Update
Call Preparation Questions
Web Links and Acronyms
For more information visit http://www.researchandmarkets.com/research/8b7sqt/oilseed_farming